At the ONDO Finance Summit 2025, Ripple’s Chief Technology Officer (CTO), David Schwartz, shared his thoughts on the future of Ripple, the broader cryptocurrency space, and the company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Talking to CoinDesk, Schwartz opened up about the importance of institutional adoption in the blockchain and cryptocurrency industries, citing it as a key factor for mass retail adoption in the future.
Schwartz began by reflecting on Ripple’s journey, noting the ups and downs the company has faced over the years. He said that while many in the industry once believed retail adoption would be the driving force behind blockchain’s widespread use, it is now clear that institutional adoption is a prerequisite for achieving mainstream success.
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Ripple’s Resilience and Recent Wins
Schwartz acknowledged the challenges Ripple has faced, especially in the wake of the SEC’s lawsuit. “Four years ago, we had what I called the worst Christmas ever when I found out that the SEC was suing us and a lot of people thought that would be the end of business,” he said. Despite the setback, Schwartz pointed to Ripple’s resilience and the company’s recent successes, particularly with XRP, which has been one of the top-performing cryptocurrencies in recent months. He explained how the changing regulatory landscape in the U.S. has helped unlock new business opportunities both domestically and internationally.
He further said that the change in the regulatory environment in the United States has had a ripple effect globally. Countries that typically take regulatory cues from the U.S. are now more open to fostering innovation, creating a more competitive international landscape for blockchain technology and cryptocurrency.
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